Westchester Capital Management Inc. Lowers Holdings in Walt Disney Co (NYSE:DIS)

Westchester Capital Management Inc. trimmed its holdings in Walt Disney Co (NYSE:DIS) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,146 shares of the entertainment giant’s stock after selling 235 shares during the quarter. Walt Disney makes up about 3.8% of Westchester Capital Management Inc.’s holdings, making the stock its 15th biggest position. Westchester Capital Management Inc.’s holdings in Walt Disney were worth $9,663,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Walt Disney by 3.3% in the 2nd quarter. Vanguard Group Inc. now owns 131,103,772 shares of the entertainment giant’s stock valued at $18,307,330,000 after buying an additional 4,142,604 shares during the last quarter. Phocas Financial Corp. boosted its position in shares of Walt Disney by 1,011,623.0% during the 2nd quarter. Phocas Financial Corp. now owns 65,691,172 shares of the entertainment giant’s stock worth $91,731,000 after purchasing an additional 65,684,679 shares in the last quarter. Morgan Stanley boosted its position in shares of Walt Disney by 29.9% during the 2nd quarter. Morgan Stanley now owns 27,743,170 shares of the entertainment giant’s stock worth $3,874,059,000 after purchasing an additional 6,386,504 shares in the last quarter. Northern Trust Corp boosted its position in shares of Walt Disney by 1.2% during the 2nd quarter. Northern Trust Corp now owns 25,509,749 shares of the entertainment giant’s stock worth $3,562,181,000 after purchasing an additional 300,560 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of Walt Disney by 4.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,158,044 shares of the entertainment giant’s stock worth $3,373,429,000 after purchasing an additional 918,097 shares in the last quarter. 68.42% of the stock is currently owned by institutional investors and hedge funds.

Shares of Walt Disney stock traded up $5.00 on Friday, hitting $137.96. The company’s stock had a trading volume of 23,891,567 shares, compared to its average volume of 7,565,782. Walt Disney Co has a 52-week low of $100.35 and a 52-week high of $147.15. The company has a quick ratio of 0.67, a current ratio of 0.70 and a debt-to-equity ratio of 0.38. The firm has a fifty day moving average price of $131.00 and a 200-day moving average price of $136.12. The company has a market capitalization of $248.52 billion, a P/E ratio of 19.49, a price-to-earnings-growth ratio of 4.43 and a beta of 0.96.

Walt Disney (NYSE:DIS) last released its quarterly earnings data on Thursday, November 7th. The entertainment giant reported $1.07 EPS for the quarter, topping the consensus estimate of $0.95 by $0.12. Walt Disney had a net margin of 19.02% and a return on equity of 13.08%. The business had revenue of $19.10 billion for the quarter, compared to analyst estimates of $19.02 billion. During the same period in the previous year, the firm earned $1.48 EPS. The business’s revenue for the quarter was up 33.6% compared to the same quarter last year. As a group, analysts expect that Walt Disney Co will post 5.74 earnings per share for the current year.

Several equities research analysts have commented on DIS shares. Wells Fargo & Co decreased their target price on shares of Walt Disney from $173.00 to $167.00 and set an “outperform” rating on the stock in a research report on Friday. ValuEngine lowered shares of Walt Disney from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Tigress Financial restated a “buy” rating on shares of Walt Disney in a research report on Monday, August 26th. JPMorgan Chase & Co. restated a “buy” rating and set a $150.00 target price on shares of Walt Disney in a research report on Friday. Finally, UBS Group decreased their target price on shares of Walt Disney from $165.00 to $155.00 and set a “buy” rating on the stock in a research report on Wednesday. Six equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $150.47.

Walt Disney Profile

The Walt Disney Company, together with its subsidiaries, operates as an entertainment company worldwide. The company's Media Networks segment operates cable programming businesses under the ESPN, Disney, and Freeform brands; broadcast businesses, including ABC TV Network and eight owned television stations; and radio businesses.

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Institutional Ownership by Quarter for Walt Disney (NYSE:DIS)

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